Ukraine's Antonov aviation group liquidated

All of its enterprises are transferred to Ukroboronrpom defense concern

UNIAN: The Cabinet of Ministers of Ukraine decided on the final liquidation of the State aircraft manufacturer Antonov in connection with the transfer of all of its enterprises to Ukroboronrpom defense concern, the press service of the Ministry of Economic Development and Trade reported.

"The Government has adopted a resolution on the liquidation of the State Aircraft Manufacturing Concern Antonov due to lack of members, as the three companies which comprised the concern exited it and were transferred to Ukroboronprom State Concern,"the ministry said. The resolution brought the current situation in line with legislation, according to the report.

The Cabinet of Ministers transferred Antonov state-owned enterprise from Antonov group to the Ukroboronprom late May, 2015. Later, in June, Ukroboronprom also welcomed Kharkiv State Aviation Production Enterprise and the Kyiv Aircraft Repair Factory 410 of Civil Aviation.

UNIAN memo. The state-owned enterprise Antonov is the manufacturer of cargo, passenger, and special purpose aircraft. Among the company's most recognized projects are An-32, An-148, An-158, An-74, An-124, An-70, and An-225 ("Mriya", the longest and heaviest airplane ever built). In the first nine months of 2015, Antonov has increased its net profit by more than eight times - up to UAH 274 million.

The state-run Ukroboronprom Concern was established in 2010 to ensure effective operations and management of state-owned business entities that develop, manufacture, sell, repair, modernize and scrap weapons, military and special equipment and ammunition, and participate in the military and technical cooperation. The Concern incorporates over a hundred enterprises of Ukraine's defense industry.